Hyperliquid, a crypto-derivatives trading platform, suffered its biggest-ever daily outflow as traders rushed to remove funds amid concern that North Korean hackers were trading on the exchange.
Monahan’s posts have triggered a broad debate on social media, with some Hyperliquid supporters criticizing her for creating unnecessary panic. More than $112 million worth of the stablecoin USDC fled the exchange on Monday, according to data compiled by venture-capital fund Hashed on Dune Analytics. The price of HYPE, the exchange’s token, sank 20%, according to tracker CoinGecko.